How to store password hash code PBKDF2

I am doing some research for the correct ways to hash / encrypt a password and store it in a database. I knew about Salt and Hashing, so I looked around and PBKDF2 seemed like a good choice. So I found this website that gave a good tutorial on it, as well as adapting PBKDF2 for PHP (this is what I use for my website).

So, I set up my site to use these functions to create / create passwords, but as you can see in the following code:

function create_hash($password) {
// format: algorithm:iterations:salt:hash
$salt = base64_encode(mcrypt_create_iv(PBKDF2_SALT_BYTES, MCRYPT_DEV_URANDOM));
return PBKDF2_HASH_ALGORITHM . ":" . PBKDF2_ITERATIONS . ":" .  $salt . ":" .
    base64_encode(pbkdf2(
        PBKDF2_HASH_ALGORITHM,
        $password,
        $salt,
        PBKDF2_ITERATIONS,
        PBKDF2_HASH_BYTES,
        true
    )); }

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:

define("PBKDF2_HASH_ALGORITHM", "sha256");
define("PBKDF2_ITERATIONS", 10000);
define("PBKDF2_SALT_BYTES", 128);
define("PBKDF2_HASH_BYTES", 24);

define("HASH_SECTIONS", 4);
define("HASH_ALGORITHM_INDEX", 0);
define("HASH_ITERATION_INDEX", 1);
define("HASH_SALT_INDEX", 2);
define("HASH_PBKDF2_INDEX", 3);

function create_hash($password, $salt)
{
    // format: salthash
    return  
        base64_encode(pbkdf2(
            PBKDF2_HASH_ALGORITHM,
            $password,
            $salt,
            PBKDF2_ITERATIONS,
            PBKDF2_HASH_BYTES,
            true
        ));
}

function validate_password($password, $salt, $good_hash)
{
    $pbkdf2 = base64_decode($good_hash);
    return slow_equals(
        $pbkdf2,
        pbkdf2(
            PBKDF2_HASH_ALGORITHM,
            $password,
            $salt,
            PBKDF2_ITERATIONS,
            PBKDF2_HASH_BYTES,
            true
        )
    );
}

// Compares two strings $a and $b in length-constant time.
function slow_equals($a, $b)
{
    $diff = strlen($a) ^ strlen($b);
    for($i = 0; $i < strlen($a) && $i < strlen($b); $i++)
    {
        $diff |= ord($a[$i]) ^ ord($b[$i]);
    }
    return $diff === 0; 
}

function pbkdf2($algorithm, $password, $salt, $count, $key_length, $raw_output = false)
{
    $algorithm = strtolower($algorithm);
    if(!in_array($algorithm, hash_algos(), true))
        die('PBKDF2 ERROR: Invalid hash algorithm.');
    if($count <= 0 || $key_length <= 0)
        die('PBKDF2 ERROR: Invalid parameters.');

    $hash_length = strlen(hash($algorithm, "", true));
    $block_count = ceil($key_length / $hash_length);

    $output = "";
    for($i = 1; $i <= $block_count; $i++) {
        // $i encoded as 4 bytes, big endian.
        $last = $salt . pack("N", $i);
        // first iteration
        $last = $xorsum = hash_hmac($algorithm, $last, $password, true);
        // perform the other $count - 1 iterations
        for ($j = 1; $j < $count; $j++) {
            $xorsum ^= ($last = hash_hmac($algorithm, $last, $password, true));
        }
        $output .= $xorsum;
    }

    if($raw_output)
        return substr($output, 0, $key_length);
    else
        return bin2hex(substr($output, 0, $key_length));
}

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